The International Development Finance Corporation (DFC), an institution backed by the US government, recently agreed to issue a loan of USD 200 million to Banco Popular Dominicano to expand its funding of small enterprises. DFC also plans to open a new office in the city of Santo Domingo to handle its planned increase in investment in the Caribbean. Banco Popular Dominicano, which is a subsidiary of the Dominican Republic-based Grupo Popular, offers loans, savings, insurance and payment cards as well as investment services. The bank was established in 1963 and reported total assets of DOP 701 billion (USD 12.1 billion) as of September 2023.
Author: Renata Samadova
